FUNDED PROJECTS

• loans to replenish working capital;
• loans for investment purposes;
• refinancing of existing loan debt located in a high military risk area.

LOAN TYPE

• non-revolving credit line;
• revolving credit line.

REQUIREMENTS FOR BORROWERS

Defined by the Programme, available here.

COMPENSATORY INTEREST RATE

On working capital (annual):

• 7% for high-military-risk areas;
• 10% for agricultural producers;
• 15% for all other clients;
• up to 0.1 percent per annum for the first two years of the loan, and thereafter up to 5, 7, or 9 percent per annum depending on the segment (micro, small, medium) and taking into account job creation requirements for loans provided for the reconstruction and/or restoration of businesses as a result of military aggression;

For investment purposes (per annum):

• from 9% to 7% per annum* for annual revenue up to 50 million euros**;
• up to 1 percent per annum for the first five years of the loan term, and thereafter 5 percent per annum for high-military-risk zones;
• 0% for the purchase, construction, and/or installation of gas turbine, gas piston, and biogas power generation plants, as well as diesel, gasoline, and gas generators;
• up to 0.1 percent per annum for the first two years of the loan term, and thereafter up to 5, 7, or 9 percent per annum depending on the segment (micro, small, medium) and taking into account job creation requirements for loans provided for the reconstruction and/or restoration of businesses as a result of military aggression;
• from 7% to 5% per annum* for annual revenue up to 10 million euros**.

*The compensatory interest rate depends on the increase or decrease in the average headcount of full-time employees and may change during the loan term.

**It is determined based on the NBU exchange rate effective on the last day of the reporting period

FEES

One-time loan fee – 0.75% of the credit line limit (not charged in case of refinancing of loans granted by Piraeus Bank ICB, JSC, if the financing term does not change).

ONE-TIME LOAN FEE

Loan management (checking and control over proper implementation of the loan agreement) – 0.75% of the credit line limit.

BASIC INTEREST RATE

Rate, which includes the Compensatory Interest Rate (paid by the Borrower) and the amount of state aid provided under the Programme (paid by the Entrepreneurship Development Fund under the terms of the Programme), applicable during the Programme period and calculated according to the formula (depending on the annual income of the business/group of related counterparties):

• UIRD (3 months) + 4%
• UIRD (3 months) + 3%
• UIRD (3 months) + 2%

• Report of the Customer and/or all members of the Group of Related Counterparties on the amounts of payroll and the number of employees (1DF Form) as of the last reporting date;
• Customer’s report on the amounts of payroll and the number of employees (D4 Form) as of 01.03.2020 (for refinancing with a Compensatory Interest Rate of 3% per annum).

Complaints and appeals regarding the “5-7-9%” loan program may be submitted to the National Development Institution (NDI) through the following communication channels:

• Letter to the postal address: 11A Voloska St., Kyiv 04070, Ukraine
• Phone number: 380 44 333 43 54
• E-mail: mail@ndi.gov.ua

In order to leave a complaint about improper actions of the Bank's employees, please follow the link: https://www.piraeusbank.ua/en/home/inappropriate-actions